NEW YORK MORTGAGE TRUST INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
ADAM$5.690.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(Amounts in thousands, except per share data)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| NET INTEREST INCOME: | |||
| Interest income | $258,660 | $258,388 | $206,866 |
| Interest expense | 192,134 | 129,419 | 79,284 |
| Total net interest income | 66,526 | 128,969 | 127,582 |
| NET LOSS FROM REAL ESTATE: | |||
| Rental income | 141,057 | 126,293 | 14,303 |
| Other real estate income | 30,717 | 15,363 | 927 |
| Total income from real estate | 171,774 | 141,656 | 15,230 |
| Interest expense, mortgages payable on real estate | 90,221 | 56,011 | 3,964 |
| Depreciation and amortization | 24,620 | 126,824 | 19,250 |
| Other real estate expenses | 88,235 | 72,400 | 9,599 |
| Total expenses related to real estate | 203,076 | 255,235 | 32,813 |
| Total net loss from real estate | (31,302) | (113,579) | (17,583) |
| OTHER (LOSS) INCOME: | |||
| Realized (losses) gains, net | (27,059) | 26,625 | 21,451 |
| Unrealized gains (losses), net | 97,196 | (347,363) | 95,649 |
| (Losses) gains on derivative instruments, net | (26,378) | 27,206 | — |
| Income from equity investments | 17,785 | 15,074 | 33,896 |
| Impairment of real estate | (89,548) | (2,449) | — |
| Loss on reclassification of disposal group | (16,163) | — | — |
| Other income | 4,736 | 18,738 | 5,515 |
| Total other (loss) income | (39,431) | (262,169) | 156,511 |
| GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES: | |||
| General and administrative expenses | 49,565 | 52,440 | 48,908 |
| Portfolio operating expenses | 23,952 | 40,888 | 26,668 |
| Total general, administrative and operating expenses | 73,517 | 93,328 | 75,576 |
| (LOSS) INCOME FROM OPERATIONS BEFORE INCOME TAXES | (77,724) | (340,107) | 190,934 |
| Income tax expense | 75 | 542 | 2,458 |
| NET (LOSS) INCOME | (77,799) | (340,649) | 188,476 |
| Net loss attributable to non-controlling interests | 29,134 | 42,044 | 4,724 |
| NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY | (48,665) | (298,605) | 193,200 |
| Preferred stock dividends | (41,837) | (41,972) | (42,859) |
| Gain on repurchase of preferred stock | 467 | — | — |
| Preferred stock redemption charge | — | — | (6,165) |
| NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS | $(90,035) | $(340,577) | $144,176 |
| Basic (loss) earnings per common share | $(0.99) | $(3.61) | $1.52 |
| Diluted (loss) earnings per common share | $(0.99) | $(3.61) | $1.51 |
| Weighted average shares outstanding-basic | 91,042 | 94,322 | 94,808 |
| Weighted average shares outstanding-diluted | 91,042 | 94,322 | 95,242 |
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